Air Freight Forwarding Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Air Freight Forwarding Market will exhibit over 4.5% CAGR from 2024 to 2032, catapulted by the increasing demand for expedited shipping services, fueled by the rise of e-commerce and global trade. Businesses and consumers alike are seeking faster delivery options, pushing companies to expand their air freight capabilities. Against this backdrop, in July 2024, DHL Express signed a Letter of Intent with Central Airlines to deploy two Boeing 777 freighters under a multi-year agreement, highlighting DHL's commitment to bolstering its air freight operations.

Additionally, advancements in technology, such as real-time tracking and automated logistics solutions, are enhancing the efficiency and reliability of air freight services, propelling market growth. Global need for timely and secure transportation of high-value and perishable goods is pushing the demand for services.

The air freight forwarding market is segmented based on services, cargo, customer, destination, end user, and region.

The warehousing and distribution segment will register a notable growth pace through 2032, driven by the need for streamlined logistics and efficient supply chain management. As businesses seek to optimize their inventory handling and reduce lead times, the integration of advanced warehousing solutions and distribution networks becomes crucial. This trend is notable in industries requiring precise inventory control and rapid response to market changes. Enhanced warehousing capabilities enable faster turnaround times and improved service levels, supporting the efficiency of air freight operations.

The international segment will clutch a significant air freight forwarding market share by 2032. As businesses and economies are interconnected, the demand for air freight services that efficiently handle international shipments grows. This necessitates enhanced air cargo infrastructure, such as expanded airport facilities and improved routing systems, to accommodate the evolving demands of international trade. The ability to offer reliable and timely delivery to a broad range of global destinations spurs growth in air freight forwarding services.

North America air freight forwarding market size will expand at a fast pace during the forecast period, driven by the region's robust economic activity and extensive trade networks. The United States and Canada, as major economic hubs, contribute to increased demand for efficient air cargo services to support both domestic and international trade. Additionally, the region's advanced infrastructure, including a network of well-equipped airports and sophisticated logistics systems, facilitates swift and reliable transportation. The rise in e-commerce and the need for just-in-time inventory management boosts the demand for air freight solutions across North America.

Product Code: 10408

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Shippers
- 3.2.2 Freight forwarders
- 3.2.3 Custom brokers
- 3.2.4 End-user
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 The rise of e-commerce industry
  - 3.8.1.2 The continued growth of global trade
  - 3.8.1.3 Technological advancements in logistics and transportation
  - 3.8.1.4 Growth in manufacturing and industrial production
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Geopolitical issues and economic downturns
  - 3.8.2.2 Sustainability concerns
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Services, 2021 - 2032 ($Bn)

5.1 Key trends
5.2 Freight transportation
5.3 Warehousing and distribution
5.4 Customs brokerage
5.5 Freight consolidation
5.6 Value-added services

Chapter 6 Market Estimates and Forecast, By Cargo, 2021 - 2032 ($Bn, 000' tons)

6.1 Key trends
6.2 General cargo
6.3 Perishable goods
6.4 High-value goods
6.5 Dangerous goods
6.6 Project cargo
6.7 Others

Chapter 7 Market Estimates and Forecast, By Customer, 2021 - 2032 ($Bn, 000' tons)

7.1 Key trends
7.2 B2B
- 7.2.1 Freight transportation
- 7.2.2 Warehousing and distribution
- 7.2.3 Customs brokerage
- 7.2.4 Freight consolidation
- 7.2.5 Value-added services
7.3 B2C
- 7.3.1 Freight transportation
- 7.3.2 Warehousing and distribution
- 7.3.3 Customs brokerage
- 7.3.4 Freight consolidation
- 7.3.5 Value-added services

Chapter 8 Market Estimates and Forecast, By Destination, 2021 - 2032 ($Bn, 000' tons)

8.1 Key trends
8.2 Domestic
8.3 International

Chapter 9 Market Estimates and Forecast, By End User, 2021 - 2032 ($Bn, 000' tons)

9.1 Key trends
9.2 Manufacturing
9.3 E-commerce and retail
9.4 Automotive
9.5 Healthcare and pharmaceuticals
9.6 Oil and gas
9.7 Food and beverage
9.8 Consumer goods
9.9 Others

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 ($Bn, 000' tons)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Southeast Asia
- 10.4.7 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles

11.1 Bollore Logistics
11.2 C.H. Robinson
11.3 CEVA Logistics
11.4 DB Schenker
11.5 DHL
11.6 DSV
11.7 Expeditors International
11.8 FedEx
11.9 GEODIS
11.10 Hellmann Worldwide Logistics
11.11 Kerry Logistics
11.12 Kintetsu World Express
11.13 Kuehne + Nagel
11.14 Maersk Logistics
11.15 Nippon Express
11.16 Savino Del Bene
11.17 Sinotrans
11.18 Toll Group
11.19 UPS Supply Chain Solutions
11.20 Worldwide Logistics Group